Widen SST scope before bringing back GST, says expert

Widen SST scope before bringing back GST, says expert - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Widen SST scope before bringing back GST, says expert, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Firdaos Rosli, chief economist for Malaysian Rating Corporation Bhd has called for GST to be reintroduced within the next 10 years. (Bernama pic)PETALING JAYA: An expert in taxation has recommended that the goods and services tax (GST) be re-introduced only after the scope of the sales and services tax (SST) has been widened.SST currently covers 38% of goods and services. GST, when it was in force, covered 68%.Veerinderjeet Singh, a former president of the Chartered Tax Institute of Malaysia, said the government would, in theory, be able to collect more revenue if it were to widen SST’s scope.GST should be reinstated “down the road”, he added. Veerinderjeet Singh.“Right now, apart from widening the scope, we should ensure we are efficient when it comes to enforcement and that the compliance level is high,” he told FMT.He was commenting on a call by Firdaos Rosli, chief economis…